Answer:
Option d. the initial amount of money placed in the savings account
Step-by-step explanation:
we have
This is a exponential function of the form
where
a is the initial value
r is the growth rate
(1+r) is the base
x is the number of years
f(x) is the amount of money in a savings account
In this problem we have
a=$3,005
r=0.03=3%
(1+r)=1.03
therefore
3,005 represent the initial value ( the amount of money for the value of x equal to zero)
7 is the prime factor of 210
Answer: $222.73
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Work Shown:
x = pre-GST price
10% of x = 0.10x = tax amount
x + 0.10x = 1.10x = post-GST price = 245
1.10x = 245
x = 245/1.10
x = 222.7272 approximately
x = 222.73 is the price before tax.
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Check:
10% of 222.73 = 0.10*222.73 = 22.273 = 22.27
The tax amount ($22.27) is added to the pre-GST price to get
22.27+222.73 = 245
which matches the post-GST price mentioned.
The answer is confirmed.
Or another way to confirm the answer is to calculate this
1.10*222.73 = 245.003 = 245
60 I believe I hope this helps if it was right :)
